Momentus Set to Join MSCI Global Small Cap Indexes

Rhea-AI Summary

Momentus Inc. (NASDAQ: MNTS) announced that its common stock will be included in the MSCI Global Small Cap Indexes after market close on November 30, 2021. This inclusion is significant as the MSCI Small Cap Index serves as a benchmark for investor institutions and spans more than 20 developed markets, representing about 14% of free float-adjusted market capitalization. CEO John Rood highlighted the company's progress towards providing essential space transportation and infrastructure services, with aims for its Vigoride vehicle to launch to Low Earth Orbit as early as June 2022.

Positive

• Inclusion in the MSCI Global Small Cap Index enhances visibility and credibility with institutional investors.
• CEO indicates significant progress towards strategic goals in space infrastructure services.

Negative

• None.

SAN JOSE, Calif.--(BUSINESS WIRE)-- Momentus Inc. (NASDAQ: MNTS) ("Momentus" or the "Company"), a U.S. commercial space company that plans to offer transportation and other in-space infrastructure services, today announced its common stock will be added to the MSCI Global Small Cap Indexes after market close on November 30, 2021.

MSCI Global Small Cap Indexes capture small cap representation across more than 20 Developed Markets countries. With 4,419 constituents, the indexes cover approximately 14% of the free float-adjusted market capitalization in each country.

"The MSCI Small Cap Index is a benchmark for investor institutions, and we’re pleased to be included,” said Momentus Chief Executive Officer John Rood. “Momentus has taken significant steps this year toward our goal of providing the space transportation and infrastructure services that we believe will drive the growth of the space economy, and we’re looking ahead to an exciting future.”

About Momentus

Momentus is a U.S. commercial space company that plans to offer in-space infrastructure services, including in-space transportation, hosted payloads and in-orbit services. Momentus believes it can make new ways of operating in space possible with its planned in-space transfer and service vehicles that will be powered by an innovative water plasma-based propulsion system that is under development. The Company anticipates flying its first Vigoride vehicle to Low Earth Orbit on a third-party launch provider as early as June 2022, subject to receipt of appropriate government licenses and availability of slots on its launch provider's manifest.

Forward-Looking Statements

This press release contains certain statements which may constitute “forward-looking statements” for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding Momentus or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, and are not guarantees of future performance. The words “may,” “will,” “anticipate,” “believe,” “expect,” “continue,” “could,” “estimate,” “future,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “aim,” “strive,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions.

Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Momentus’ control. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to risks and uncertainties included under the “Risk Factors” in the Proxy Statement/Prospectus filed by the Company on July 23, 2021, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the "SEC"), accessible on the SEC’s website at www.sec.gov and the Investor Relations section of our website at investors.momentus.space. These filings identify and address other important risks and uncertainties that could cause the Company’s actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211130006112/en/

Investors

Darryl Genovesi at investors@momentus.space

Media

Jessica Pieczonka at press@momentus.space

Source: Momentus Inc.

FAQ

What does the inclusion in the MSCI Global Small Cap Index mean for MNTS?

Inclusion in the MSCI Global Small Cap Index enhances Momentus' visibility among institutional investors and may lead to increased investment.

When will Momentus be added to the MSCI Global Small Cap Index?

Momentus will be added to the MSCI Global Small Cap Index after market close on November 30, 2021.

What are Momentus' plans for space transportation?

Momentus plans to launch its Vigoride vehicle to Low Earth Orbit as early as June 2022, pending necessary licenses and launch provider slots.

Who is the CEO of Momentus?

The CEO of Momentus is John Rood.